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AEG Power Solutions’ insolvency plan unanimously approved

All the creditors will have to provide a restructuring contribution in order to ensure the survival of the company. Once the insolvency plan is approved, the related insolvency proceedings will be closed.

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Germany launches new auction for 200 MW of large-scale PV

The new bidding round includes incentives for projects on agricultural and grassland areas in disadvantaged regions such as Bavaria and Baden-Württemberg for the first time.

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Eneco and Mitsubishi build 48 MW battery in Germany

The storage system EnspireME is expected to become operational by the end of this year. Through an additional pilot project, surplus power from local wind plants will be managed and stored.

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Austria allocates €5.95 million for solar rebates in 2017

The Austrian Government has allocated €5.95 million ($6.34 million) to solar incentives for 2017. Applications are being accepted starting from Tuesday.

Çalik Group acquires 50% stake in Turkish solar EPC contractor Halk Enerji

Halk Enerji will focus on unlicensed PV projects up to 1 MW, which in Turkey are expected to reach a volume of 2 GW this year.

Solar and wind set new record in Germany in March

According to provisional statistics from German institute IRW, PV systems in Germany have provided approximately 3.3 billion kWh in March, up 35% from the same month a year earlier and 118% from February 2017.

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Phoenix Solar reports first profit since 2010

The German system integrator saw its turnover grow significantly last year. For 2017, the company expects a further improvement.

Germany adds 122.5 MW of solar in February

After the year-end rally, Germany goes back to a moderate growth trend. Of the 122.5 MW installed in February, 50 MW comes from large-scale PV installations selected through the country’s auction scheme.

EU freezes minimum import price at China’s request

The Chinese Chamber of Commerce had proposed not to the change the conditions of the minimum price agreement until the end of the interim review. Brussels has now accepted this proposal. In doing so, the European Commission has maintained the minimum import price for Chinese solar modules at €0.46/W.

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SMA suffers price pressure in all markets and segments

Last year, the German inverter maker achieved record shipments, despite a decline in turnover. The company expects further price pressure in 2017.

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